HARTRIDGE BUDDHIST MONASTERY TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REGISTERED COMPANY NUMBER 7387479 REGISTERED CHARITY NUMBER . 1142439 Essell 29 How8rd Street North sh￿Id$ Tyne and Weal NE30 1AR Tel." 0191 259 2743 Fax". 0191 257 2249 E-mail.. Info essell co.uk Ref.. ACR12530 HARTRIDGE BUDDHIST MONASTERY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Report of the Trustees Page1-3 Independent Examiners Report Page 4 Statement of Financial Activitses Page 5 Balance Sheet Page 6 Notes to the Financial Statements Page7-8 Detailed Statement of Financi81 Activities Page 9 P￿pared by Essell Accountsnls Limilgd 29 Howard Street North Shields NE30 1AR Tel.. 0191259 2743 . Fax 0191257 2249 E-mail.. info@essell co uk Ref. ACR12530 HARTRIDGE BUDDHIST MONASTERY TRUST Page I REPORTOF THE TRUSTEES The trustees who are also directors of the charty for the purposes of the Companies Act 20￿, present their report with the financial Statements of the charity for the yeaf ended 31 December 2024 The trustee5 have adopted the provisions of the Stslement of Recommended Practice ISORP) A¢counling and Repo￿"n9 by Charities issued in March 2005. REGISTERED OFFICE Hartridge Buddhist Monastery, Upottery. Honiton, Devon. EX14 9QE REGISTERED COMPANY NUMBER 7387479 REGISTERED CHARITY NUMBER 1142439 TRUSTEES Dr Maxim Alexander Ma¢kay-James Robert Whittle Julian Wall Anne Williams Charles Graves Pgn$lope Wakefield - Pear¢e COMPANY SECRETARY ex C Robinsors INDEPENDENT EXAMINER Paul W Katz FCCA Essell 29 Howard Street North Shields Tyne and Wear NE30 IAR STRUCTURE. GOVERNANCE AND MANAGEMENT Govornlng document The ¢harity is controlled by its goveming document. and constitutes a limited company, limrted by guarantee, as defined by the Companies Act 2006. Recruitment and Appointment of now tn￿￿￿$ The subscribtsrs to the Memorandum are thè first Members of the Charity. Membership is subsequently open to other individuals who are Monasb"c Sangha residents al th• Hartridge Buddhist Monastery by Ordinary Resolution al the Annual General Meeting or Extraordinary General meeb.ng New trustee5 are identffied and recruited by the existing trustees ani r8slOerst monasttcs working together and form81ty appointed by resoluts'on of the member$. Rl8k Management The trustees have a duty to idenbfy and rèview the risks to which the ¢harty is exposed and to ensure appropriate controls are in place Its provide reasonable assurance against fraud and erior. HARTRIDGE BUDDHIST MONASTERY TRUST REPORT OF THE TRUSTEES CONTINUED Page 2 Objectlves and Alms The Objectives of the Charity are lo promote and further the teaching of the Buddha IBuddha Sasanal by.. providing, maintaining and supporting, in accordance with the principles of the Theravada Vinaya residential estsblishments for a monastic sangha of the persons who have undertaken the Rubs of training {Sikkhapadal SupF)Orting lay people in the pra¢lice and teachings of the Buddha,. and - Such other means as may from lime lo lime be decided Rovlew of Activities The Trust is the succession Trust of the Devon Vihara Trust Icharity no. 2896361 The main financial responsibility of the trust is the development, maintenance and upkeep of Hartridge Buddhist monastery. This continues to attract members of the public of all faiths who are interested lo learn about, or deepen their understanding of Buddhism and are able to visit or stsy al the monastery. The monastery is the focal point for an extensive community. It provides spiritual support lo and is generously supported by expatriate members of the Thai, Sri Lankan, Cambodian and Lao communities. a5 well as UK- born Buddhists. The annual Kalhina and Vesak ceremonies held al the monastery both attract lo￿200 visitors. The monasteries are open to the public on a daily basis and all are welcome lo join in the formal meditation and pula activitie5. Some visitors request lo slay for an extended period in order to deepen their practice of the Buddhist religion. Others gain benefit frorn the peaceful and calm woodland environment where ecological conservab'on is ￿Ing undertaken through the contribution of volunteers. Meditstion classes, which are open lo all members of the public whatever their lailh and personal circumstances, a￿ run on a regular basi5. These classes are provided free of charge Mindfulness meditation and the cultivation of loving kindness are practices with proven therapeutic benefits which have been adopted and adapted by healthcare professionals. Meditstion classes and residential ret￿alS al other locations. as well as publi¢ talks and lectures, are given during the year, and these includa visits to schools and other organisalions. REPORT OF THE TRUSTEES CONTINUED Pago 3 OBJECTIVES AND ACTMTIES ACHIEVEMENT APID PERFORMANCE wdènt community numbered six to eight. ¥b*ich mtr8nt that the mnastery w88 fvll much of the tim•. As Lrsual, there w)uld generally be to four lay guests at any one time. Maditation ￿)rkshops. now evèry threa ￿￿eks, ￿Pre wall attendad. Festival days w811 attend&l. induding another large and $ucKessful Kathina festival in October held in Chard. Several retreats ￿le tsught 61sgwth&r8. and Iwo Thai retreats wtsre h&ld at th& monastery. Thefg were many inter-monastgry visits and &x¢hangg8, induding visits to our sister monasteries in Ilaly, Switzerlan¢J, Norway and Portugal. Total donations during th8 year weig £90,079. The Trust spant £23,456 on tha daY-t￿daY njnning expanditure of Hartridge. of which £924 was on admini$tr8tion for the indapèndent e¥amingr8 fe8 and £380 on sundry capital items. Unrèstricted income was £106,547 of which £9,702 vrds Gift Aid from HMRC, £7118 was bank deposit interast. and £2,148 was payments under the Rgnewable Heat In¢8ntive scheme lor heat generat8d by thè bg boll8r. The rèstricted travel fund expendè